Early next year, the Retirement System will begin introducing new web-based applications for our employers, members and retirees. These tools will provide greater access to information and simplify account administration. Please read about the new Retirement Online — and how it will improve our service to employers.
The estimate for your February 2016 payment to the Retirement System is available. To view your estimate, use our online Employer Estimate application. You will need a username and password to enter. Contact our Employer Billing Unit if you don’t have a username or password.
Our Employer Education Unit will be traveling throughout the State this fall to present information on topics such as registering new members, monthly reporting, reporting at the time of retirement, post-retirement employment, and changes you can anticipate with the new Retirement Online. Invitations will be emailed to payroll and personnel contacts. For more information, email Employer Participation and Education or contact us at 518-474-0167.
The Governmental Accounting Standards Board (GASB) application is now available. It gives you access to your GASB-related pension information and will assist you in complying with your reporting requirements under GASB Statement No. 68. Click on “Log on Now” in the Online Programs section above and enter your username and password to access the application. Please email the GASB mailbox if you do not have a username and password. For guidance on complying with the new requirements, read the bulletin issued by the Office of the State Comptroller’s Division of Local Government and School Accountability .
The legislation that created Tier 6 established variable contribution rates for members based on their annualized wage. This video will help you understand how rates are determined and your important role in the process.